PetroChem Wire: HIPS, GPPS pellet prices slip in April

PetroChem Wire: HIPS, GPPS pellet prices slip in April

HIPS and GPPS pellet prices declined 2 cents per pound in early April. In the second half of the month prices continued to weaken, with decreases totaling as much as 3 cents per pound for the month.

Weak demand is partly attributed to seasonality as buyers stand back and assess their second-quarter supply needs. In addition, some are switching to more cost-effective resins. HIPS mixed color pellets were offered at 69-71 cents per pound in first half April, down 2 cents per pound from March. GPPS regrind prices also declined, with MC regrind offered at 37-38 cents per pound, also down 2 cents per pound. Prime HIPS was offered in April at 97-98 cents per pound, down 2-3 cents from March.

For more information about PetroChem Wire's Repro/Regrind Resin Report and daily prime grade polymers and monomers report, or to arrange a free trial subscription, contact Cindy Bryan at cindy@petrochemwire.com[1] or (713) 385-1407. To see sample issues of PCW publications, click here[2].